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Canada’s Cenovus Energy To Boost 2026 Oil Production
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Why This Matters
Cenovus Energy expects a 4% increase in upstream production in 2026 due to new projects and the acquisition of MEG Energy, with expected production ranging from 945,000 to 985,000 boe/d.
Market Impact
Market impact analysis based on bullish sentiment with 82% confidence.
Sentiment
Bullish
AI Confidence
82%
Article Context
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Cenovus Energy expects its upstream production to rise by about 4% in 2026 compared to this year as it is completing new projects and adding assets of MEG Energy, which it recently acquired. Cenovus Energy’s 2026 capital budget released on Thursday showed that the Canadian major sees its upstream production at between 945,000 barrels of oil equivalent per day (boe/d) and 985,000 boe/d next year, up by about 4% from 2025, adjusted for the acquisition of MEG Energy Corp. Of the volumes expected next year, oil sands output…
Original article published by
OilPrice.com
on December 11, 2025.
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Analysis and insights provided by AnalystMarkets AI.